Arbeitspapier
A mechanism for Thawing the credit markets
This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 551
- Classification
-
Wirtschaft
Financial Crises
General Financial Markets: General (includes Measurement and Data)
Asymmetric and Private Information; Mechanism Design
Economics of Contract: Theory
- Subject
-
Mechanism design
credit markets
incentive scheme
Mechanism Design
Asymmetrische Information
Kreditmarkt
Vertragstheorie
- Event
-
Geistige Schöpfung
- (who)
-
Karni, Edi
- Event
-
Veröffentlichung
- (who)
-
The Johns Hopkins University, Department of Economics
- (where)
-
Baltimore, MD
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Karni, Edi
- The Johns Hopkins University, Department of Economics
Time of origin
- 2009
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